the head by FTX Ventures.
The executives say they want to “make things easy for builders.”
“Our first $2 billion fund will be a flexible source of capital where we can invest in equity and/or tokens, of any size and stage.
We measure time for decades. We don’t mind if you’re normal. We will not ask you to present to an investment committee.
We are very excited about cryptocurrencies. We believe that digital assets and blockchain technology can reshape our world in the next few decades. Some of the areas we’re excited about are gaming, social, software, fintech, and healthcare.
Sometimes we will also invest outside of cryptocurrencies. ”
Bankman-Fried speak on Twitter, he hopes FTX’s new fund will help other crypto entrepreneurs avoid some of the pitfalls he faces with traditional venture capital firms.
“As a founder, it’s important to help other founders create great companies. Hopefully, this will allow us to do that even more. ”
wacomka / Nikelser Kate